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What is the Basic Attention Token?
Blockchain and cryptocurrency are becoming more and more popular, and businesses are starting to look for new problems in the new technologies. Basic Attention Token, or BAT (can be translated as “Basic Attention Token”), was created by the co-founder of Mozilla and Firefox in partnership with the creator of JavaScript and is designed to increase the effectiveness of advertising in the digital environment. The BAT network uses the Ethereum blockchain and the specialized browser Brave. The BAT Token is used on the Brave platform as a currency of exchange between users, advertisers, and content publishers, and it embodies an unobvious, but very important for advertising thing – the attention of users.
Why we need it?
The creators of BAT set themselves the task of completely changing the digital advertising market. They believe that the current situation, when websites are flooded with advertising and spying tools, and that malicious programs appear one after another, is unprofitable for neither users nor advertisers and publishers. Publishers (except for Google and Facebook) earn little money and even suffer losses because of bots that mimic user interaction with content or advertising. Advertisers lack the targeting and information about their customers to focus content more accurately.
Brave web browser
The BAT Token (BAT / USD) is targeted for use on the Brave browser platform. It is an open source browser, designed with a focus on privacy and with built-in blocking of tracking code and malware. For anonymous and secure tracking of users’ attention, the blockchain is used here, and attention is turned into income for publishers. Brave registers the user’s attention, aimed at a particular advertisement or other content, while the creators of BAT emphasize that the user’s personal data and information about his preferences are stored only on his device, guaranteeing anonymity and confidentiality. Advertising publishers are rewarded for the attention of users through BAT, and the more effective their content, the more attention it attracts, the higher their income becomes.
Getting Basic Attention Tokens
As noted earlier, the BAT token is not a full-fledged digital currency; rather, it is a coin created according to the standard based on the ERC-20 on the Ethereum Blockchain. Most of the coins were sold during the ICO, and the balance was divided between the developers and is used for the development of the project, respectively, there is no traditional mining concept within this system. However, tokens can still be obtained for free.
How does it all work?
Brave Browser gets accurate information that allows advertisers to offer their product or services only to those users for whom they are of real interest. Anyone can completely get rid of advertising if it is not important. Thus, comfortable conditions for Internet surfing are provided. Advertisers will use BAT coins to pay for the exchange of advertisements with those who use the Brave browser and at the same time is the target audience for a particular ad.
The main feature of Basic Attention Token is that users are directly involved in the workflow. The browser automatically collects information about exactly what the user is interested in, so the advertiser will be able to determine the circle of the target audience with minimal error and make a newsletter for it.
Where it is going?
The Basic Attention Token cryptocurrency project and the new high-speed browser Brave have significant potential for development. The idea of creation offers the user a comfortable environment for using the Internet, as well as the opportunity to receive rewards for a certain activity. Experts and analysts are optimistic about the potential of Basic Attention Token cryptocurrency, despite the fact that the Brave browser is becoming an intermediary, although it has struggled with the mediation.
Introducing to Bitcoin Cash
What is Bitcoin Cash? Bitcoin cache is considered a fork of the bitcoin. In fact, a new monetary unit exists according to the same rules as bitcoin itself, since it has the same blockchain. The separation took place for the reason that the community of people using Bitcoins could not reach a common opinion on the direction in which the cryptocurrency should be developed in the future. A new kind of bitcoin came to the liking of the Chinese, of whom about 5% among all cryptocurrency miners.
Short history of Bitcoin Cash
On August 1, 2017, Bitcoin Cash cryptocurrency was created as a result of hard forks Bitcoin. The history of Bitcoin and Bitcoin Cash were identical to hard forks. Everyone who controlled the secret keys of a certain number of their bitcoins or kept them on the exchange that supports the new currency automatically received the same amount of Bitcoin Cash.
How Bitcoin Cash relates to Bitcoin?
The most illustrative advantages and disadvantages of the two branches of cryptocurrency were presented by the head of Hell Yeah, Paul Miller. He explains what are the pros and cons of Bitcoin Cash and Bitcoin. In general, SegWit is a new technology and with a block of 1 MB can accelerate throughput by 1.5-2 times. However, the commission here remains very high. It is assumed that as users connect, it will decrease.
So, the first difference is the block size increased by 8 times in the blockchain. As the creators themselves believe the new digital money, a larger size will contribute to an increase in the number of transactions. The second difference is the rapidly changing complexity. Miners react faster to changes. The third difference is the new type of transaction that appears, in which you can specify the amount of payment. And the fourth difference – enhanced protection against erasing transactions and their repetition. It must be remembered that the rate of the new currency is significantly different from the rate of the usual bitcoin.
Earning Bitcoin Cash
Bitcoin Cash has acquired steam rather quickly compared to other new cryptocurrencies. BCH can be purchased on the majority of mainstream cryptocurrency exchanges. Keep in mind that the worth of BTC is around $5,200, whereas BCH is about $400. You can buy bitcoin cash on cryptocurrency exchanges and in some online exchangers. Wallet, which is designed to store the new currency, called – Bitcoin ABC. One of the first sites that introduced such a wallet is Cryptonator. In general, this resource is better than others for storing digital money.
Bitcoin Cash Stability
It is hard to tell which chain will win in the long run – Bitcoin or Bitcoin Cash. However, it is clear that they will evolve differently over time. Hardforks are tempting because if a group fundamentally disagrees with the ideology of the initial community, it can separate and launch its own version of cryptocurrency with the same technology, but with a different strategy and management model. This allows the entire cryptocurrency space to evolve due to the fact that some forks introduce innovations. And, no matter what fate awaits Bitcoin and Bitcoin Cash, one cannot deny that it is extremely fascinating to watch the parallel development of these chains, like cryptocurrencies in general.
Introduction to EOS
The most popular cryptocurrency is Bitcoin. He is also the progenitor of the blockchain technology, on the basis of which a huge number of alternative cryptocurrencies have already been launched. True, only a few have become popular and reliable. The top ten most capitalized cryptocurrency includes EOS. This project intends to permanently change the technology of making transactions in a cryptocurrency system.
How EOS works?
In May 2017, Dan Larimer announced the release of the EOS project at the Consensus conference. At the time of the announcement, the creator already had two successful cryptocurrency platforms behind him: the BitShares exchange, opened in 2014, and the Steemit social network, which has been operating since 2016 and has its own cryptocurrency in use, designed to reward user activity. Both developed projects have an impressive transaction rate within the system and a good reputation, which has a positive effect on the reputation of the new project.
The speed of transactions in the system should be provided at the level of 1000-6000 operations per second, and in the future, it is planned to improve the speed of transactions to a million figure per second. In addition, it is planned to completely remove the fees for their implementation.
EOS wallets
As conceived by Dan Larimer, who invented the DPoS, once EOS users vote with wallets and are financially interested in electing the most worthy candidates for validators, they will vote wisely and provide the system with a decentralized level.
EOS wallets
Fans of the token have developed a series of wallets you can store tokens in. Among the most popular ones are the Greymass and Simpleos wallets. You have some community-created wallets to pick from when storing your tokens.
EOS is not for everyone
One of the biggest disagreements regarding EOS is its ICO structure, which uses a model of continuous distribution for a one-year period. Simply put, during ICO, EOS was simultaneously available for purchase on crypto exchanges, which is an unusual practice for such a project. Some believe that this is how the company tried to stimulate speculation and to turn investors against each other. Another miss of the system was the issuing structure – a group of so-called “delegates” could easily print the new currency.
The recent launch of the platform also did not go without surprises – not only was it transferred several times, as a result, so many vulnerabilities and critical bugs were found in the EOS system that developers had to spend tens of thousands of dollars on white hackers.
Main differences of EOS
Den Larimer promised to distribute the huge potential of the EOS network fairly among the holders of tokens, which many analysts considered to be an ingenious innovative strategy to attract investors. Latimer said that if the user owns n% of tokens, he will be able to manage the n% share of the network’s resources, and he will have a number of passive income opportunities. EOS tokens holders are promised seven bonuses at once – throughput for which it will be possible to charge; data storage in the blockchain, which can also be leased; voting rights to participate in the management of the system; access to distributed applications (for users); access to users (for applications); a constant flow of dividends; and airdropы – free distribution of tokens of those applications that will be launched in EOS.
Scalability of EOS
When making a forecast for EOS cryptocurrency, you should consider the fact that these are not just tokens. Behind EOS there is a demanded project designed to exclude cons from the blockchain technology and create a platform that is unique in speed for transactions and project development. Capitalization and the cryptocurrency itself depends on the development of the project. At the start of sales of EOS tokens, their price was equal to $ 1 per unit. In early 2018, the rate of the token to $ 14.59, and the total capitalization of the currency took a leading position in the rating.
For the period from 2018 to 2020, experts predict the growth of the currency to $ 25-50 per unit, and with successful operation and demand for the platform, the cost will only increase. The only problem is that no one knows how successful the project will function and how well ideas will be implemented.
Can EOS scale?Blockchains like Bitcoin and Ethereum uses a consensus to verify their statements. This setup suggests that each node on the network will update their copy of the blockchain whenever it has been changed. Favorite, this system also eventually leads to scalability concerns. EOS, on the other hand, uses an agreement to validate the events on their blockchain. That means the system focuses on activities (such as transactions) instead of the state (such as blocks of deal records). This method is a bit slower, which means it takes longer to confirm transactions. However, it can process many more transactions in a smaller time-frame than older systems. The Bitcoin network can process around seven transfers of BTC per second. In comparison, EOS can manage one million deals per 2nd– for every node on the network. Imagine that being multiplied that by the number of computers on the EOS blockchain network, and you’ve got a much more efficient network.
Introducing to Cardano
Cardano (ADA) is a cryptocurrency, like many others – based on decentralized work and transparency. Launched in 2014 by a group of entrepreneurs and programmers. To be precise, Cardano is the general name of the project, and Ada is the token, the currency of the service. Cryptocurrency attaches increased importance to the security provided by a multi-level structure. Cardano positions itself as the first blockchain project, which emerged due to academic research and has a comprehensive scientific philosophy as its foundation. The cryptocurrency developed and managed by Charles Hoskinson, who in the past led the etririum project, seeks to maximize the potential of smart contracts.
WShort history of Cardano
Initially, the Cardano development team declared its intention to create a project aimed at caring for the interests and convenience of the end user, as well as taking into account the position of regulators. The developers sought to find a middle ground between the need for regulation on the one hand, and privacy and the principles of decentralization, which are key to blockchain technology, on the other. Cardano was born in 2014. At that time, the project was a mixture of revolutionary ideas and concepts, the fruit of collective research and collaboration. Its creators set themselves the task of overcoming the limitations of the existing blockchains.
Understanding proof-of-stake
Cardano uses the Proof-of-Stake algorithm called Ouroboros, thanks to which, as stated on the project website, “there is no need for the energy-intensive Proof-of-Work protocol, which prevents blockchain scaling and its wider use.”
Also, the Ouroboros algorithm avoids the need for energy-intensive evidence, since the project developers were able to scientifically prove the high level of security of the protocol itself without ancillary tools. The result of the work of the security system platform based on Ouroboros can be compared with the protection of the Bitcoin system, which no one has yet been able to crack.
ADA tokens
ADA is the name and ticker of Cardano tokens. According to the developers, ADA demonstrates what the function of money will be in the future: high-speed, direct, cryptographically secure transfers.
Trading ADA tokens
To make an ADA transfer, you need to pay a minimum commission. The minimum commission is a prerequisite for a transaction, and if you prefer, you can pay a larger fee. By a special formula, the minimum commission for each transaction is calculated separately.
Daedalus Wallet Features
There is a native wallet Cardano – DAEDALUS WALLET. It is considered safe and very convenient. In any case, if you invest in Cardano, you will surely not keep funds on the exchange markets, but withdraw them to your wallet.
At the same time, you get an expanded functionality of the wallet, in which you can:
- create multiple accounts for different cryptocurrencies;
- view transaction history;
- manage your accounts at any time without restrictions;
- use a special Cardano Block Explorer explorer;
- use encryption of private keys and passwords;
- export wallets to paper certificates.
According to the developers, in the near future the functionality of the platform will be expanded, which will also affect the wallet:
- ETH and PTS support will be included;
- Mobile apps for iOS and Android will appear;
- the option to generate blocks will open;
- support for the maximum number of coins will be launched.